What Does Russiagate Look Like to Russians?


Rolling Stone has the article What Does Russiagate Look Like to Russians?

But Americans surely helped usher in the oligarch era by guiding Russia through its warped privatization process. In some expat circles back then, you found Americans who believed that by creating a cadre of super-wealthy Russians, we would create a social class that would be pre-motivated to beat back a communist revival.

This may have prevented a backslide into communism, but a by-product was accelerating a descent into gangsterism and oligarchy.

As I observed what was going on in Russia after the collapse of the Soviet Union, this is exactly what I felt was the sad story. Their turning toward capitalism was taking on some of the worst aspects of capitalism. To some degree, China has followed the same path. Privatization in the U.S. is another example. We practically give away valuable publicly owned assets to oligarchs who become billionaires from that gift. They don’t even want to pay their fair share of taxes on the gift. This is the infamous transfer of wealth from the middle class to the ultra-wealthy.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.